The Niger State Government has signed a Memorandum of Understanding, MoU, with Family Home Funds, FHF, Limited to provide 1200 units of houses at the rate of N1.8 billion in the state.
A statement signed by Mary Noel-Berje, the Chief Press Secretary to the state governor, Abubakar Bello, said the development was to meet up with the housing deficit amongst its citizens.
Mr Bello, who presided over the signing of the MoU between the state government and the company at the Government House, Minna, assured that the state government would be fully committed to pursuing the project.
The Governor drew the attention of the company and the State Housing Corporation towards ensuring that the standard of the housing units are not compromised and profits should not be placed over quality.
In his address, the Managing Director and Chief Executive Officer, MD/CEO, Family Home Funds, Femi Adewole, said their sole responsibility is to provide the funds for the housing and monitor the execution of the project.
According to him, the project will create 6000 jobs amongst the populace through indirect linkage.
While assuring to work assiduously to ensure funds are made available for the project, Mr Adewole said the housing company is to regain its funds within seven to eight years.
In his remarks, the General Manager, Niger State Housing Corporation, Ahmed Abdullahi, said the project which is 300 units of two bedroom flats and 100 units of three bedroom flats will kick start in the next three weeks.
While disclosing that the Housing Estate would be located along Abuja-Kaduna Express Road in Tafa local government, Mr Abdullahi noted that 70 percent of the beneficiaries would be civil servants and 30 percent would be the general public.